Q: How much money can I borrow?
A: There are several factors things to consider, including your monthly
income, and your ability to repay the monthly mortgage repayements. Our
mortgaged range from as little as �5000, to �1 million pounds.
Q: Over what period of time can I spread my repayments?
A: Our loans are available over periods ranging from 1 to 25 years,
allowing you to decide how to manage the repayments. The repayment
period is at your discretion, and is dependent on what you can afford
each month - why not try our mortgage calculator to help you find the right balance.
Q: What happens if I am ill and can't work, or am made redundant?
A: With all of our policies, we offer the client the opportunity to
insure against life's little dangers. As no-one knows what is around
the next corner, this insurance offers complete peace of mind. Our team
of financial experts will be happy to talk about your requirements, in
order to find the right policy for you.
Q: Is my application confidential?
A: Yes, all of our applications are treated in the strictest confidence.
Q: Can I pay off lump sums, or settle the mortgage early?
A: Our lenders offer a variety of different repayment schemes. Our team
of financial experts would be happy to talk to you about the various
options.
Q: What happens if I want to move house?
A: If you wish to move house during the term of the mortgage, simply
let us know, and we can arrange for the balance of the mortgage to be
transferred to the new property. Alternatively, you can simply pay off
the outstanding balance from the proceeds of the sale of the property.
Q: Can I borrow more in the future?
A: Remortgages are very popular, and we would be happy to help you apply for one of these. Simply fill in the application form, and we'll get you started.
Q: What Do I Do Now?
A: All you need to do, is fill in the application form.
We'll contact the lenders for you, in order to obtain the mortgage
quotation that is right for your individual circumstances. We will
usually be able to give you a decision in principle very quickly
indeed.
Q: I have had problems in the past due to poor credit ratings, can Lightloans help?
A:
We have a team of advisors who specialise in finding the right mortgage
for you. If you have outstanding CCJ's, rent arrears, no matter what
there will be a mortgage out there designed to help you and our team of
professional advisors will be glad to discuss it with you.
Q: Which lenders do you use for loans?
A:
Because we are independant we are able to find the right mortgage for
your circumstances, this means we are not tied to giving you a mortgage
that is not necessarily the right one for you. Using our specialist
system we are able to choose the right mortgage for your needs, no
matter who the lender is.
Q: What APR/rate will I pay on my mortgage?
A:
The APR on your mortgage will depend on a number of factors, such as
the amount borrowed, your credit rating and the lender. The APR can
vary depending on how much you would like to borrow and for how long.
Some of our mortgages are below the base rate for a limited time,
others are above. Why not try our mortgage calculator to see examples of what you could borrow and be paying.
Q: If I complete the online mortgage application, am I under any obligation?
A: No, the online mortgage application merely provides us with the
information needed to obtain a quotation for you from the lenders, you
are under no obligation at any point in your enquiries until you decide
to go ahead with the loan that you feel is right for you.
Q: I am self-employed, can I still apply?
A: Yes, we have a team that specializes in finding the right mortgage for customers who are self employed.
Q: Can I borrow more later?
A: Yes, we offer a remortgage service. Simply complete the remortgage application form on this site.
Q: Can I repay my mortgage early?
A:
With some mortgages, you can pay off the outstanding balance at any
time during the term of the loan without any redemption penalties -
with others you may incur charges. However, this does not apply to all.
You could state this as a requirement in the application form.
Q: Can I repay more than the agreed monthly instalment?
A: Selected lenders will allow you to pay lump sums during the course
of your repayments. Many lenders are now offering 'flexible' mortgages,
which allow you a great deal of flexibility.
Q: What interest rates do your mortgages start from?
A: The rate you pay depends very much on your individual circumstances and of course, what you can afford.
Q: Will you perform a credit search on me?
A: We would only perform a credit search with your prior consent.
